British American Tobacco p.l.c. (NYSE:BTI – Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $63.57 and last traded at $63.4320, with a volume of 4079022 shares traded. The stock had previously closed at $60.44.
Analysts Set New Price Targets
Several brokerages have commented on BTI. Wall Street Zen lowered shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Sunday, April 5th. Weiss Ratings upgraded shares of British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Finally, Citigroup restated a “buy” rating on shares of British American Tobacco in a report on Thursday. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.00.
Get Our Latest Stock Report on British American Tobacco
British American Tobacco Price Performance
Institutional Trading of British American Tobacco
Hedge funds and other institutional investors have recently modified their holdings of the business. First Command Advisory Services Inc. grew its position in shares of British American Tobacco by 1,386.7% in the 4th quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock worth $25,000 after buying an additional 416 shares during the period. Glen Eagle Advisors LLC purchased a new stake in shares of British American Tobacco in the 4th quarter worth about $26,000. Cary Street Partners Financial LLC purchased a new stake in shares of British American Tobacco in the 2nd quarter worth about $30,000. SHP Wealth Management purchased a new stake in shares of British American Tobacco in the 4th quarter worth about $35,000. Finally, Cornerstone Planning Group LLC grew its position in shares of British American Tobacco by 141.2% in the 4th quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock worth $36,000 after buying an additional 346 shares during the period. 16.16% of the stock is owned by hedge funds and other institutional investors.
About British American Tobacco
British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.
BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.
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